Whalen CPAs: Firm News

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Accounting Best Practices for Startups
Starting a business is an exciting adventure, but it's also a lot of work. One of the most important things
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Turning receivables into cash
It’s common for high-growth and seasonal businesses to have occasional shortfalls in their checking accounts. The reason relates to the
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The importance of collecting and analyzing patient data
In today's healthcare landscape, data is king. Data is crucial to keeping track of the business aspects of practice and
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Best practices for managing patient appointments and scheduling
Patient appointment scheduling is an essential part of any healthcare practice. It can be a daunting task, but it is
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The benefits of having a well-trained front office team
The front office team is the first point of contact for your customers. They are responsible for making a good
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Why some small businesses are switching to tax-basis reporting
Accrual-basis financial statements are considered by many to be the gold standard in financial reporting. But with the increasing cost
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Are you married and not earning compensation? You may be able to put money in an IRA
When one spouse in a married couple not earning compensation, the couple may not be able to save as much
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Why can’t my profitable business pay its bills?
If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash
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Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they
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How to leverage AI in your accounting department
Many people speculate that artificial intelligence (AI) will replace humans for certain work-related tasks in the future. But accounting and
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Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,
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Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer
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